Stani Kulechov dismisses claims of cut-price AAVE sale to Kraken

cryptonews

Jun 26

Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2646826133"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2646826133\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2646826133?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-26 08:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646826133","market":"fut","top_or_hot":-1,"title":"Stani Kulechov dismisses claims of cut-price AAVE sale to Kraken","media":"cryptonews","content":"<div>\n<p>Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships ...</p>\n\n<a href=\"https://crypto.news/stani-kulechov-dismisses-claims-of-cut-price-aave-sale-to-kraken/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stani Kulechov dismisses claims of cut-price AAVE sale to Kraken</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStani Kulechov dismisses claims of cut-price AAVE sale to Kraken\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-26 08:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/stani-kulechov-dismisses-claims-of-cut-price-aave-sale-to-kraken/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships ...</p>\n\n<a href=\"https://crypto.news/stani-kulechov-dismisses-claims-of-cut-price-aave-sale-to-kraken/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DAO","symbol_name":"有道","start_time":0,"source_url":"https://crypto.news/stani-kulechov-dismisses-claims-of-cut-price-aave-sale-to-kraken/","article_id":"2646826133","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/stani-kulechov-dismisses-claims-of-cut-price-aave-sale-to-kraken/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646826133","pubTimestamp":1782432404,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships have taken place.Kulechov said all Aave Protocol revenue flows to the Aave DAO and revealed plans for an automated AAVE buyback mechanism.Grayscale maintained AAVE appears undervalued, with a model-based fair value of up to $175 if tokenized assets expand in DeFi.Responding to the report, Kulechov argued that its framing did not accurately describe the discussions. He said there was “no way” Aave would sell AAVE tokens at a 70% discount. While disputing that characterization, he did not deny that negotiations with strategic partners have occurred.Separately, Kulechov revealed that the team is designing Aavenomics 3.0, which he said will introduce an automated, non-discretionary AAVE buyback mechanism. He did not disclose the launch timeline, funding source, or expected size of the program.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"DAO":"有道","BK4204":"教育服务","BK4506":"内地教育股","BK4510":"在线教育"},"translate_title":"Stani Kulechov否认将AAVE降价出售给Kraken的说法","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAO":0.62},"content_text":"Aave founder Stani Kulechov has rejected reports suggesting Aave would sell AAVE tokens to Kraken at a roughly 70% discount, while confirming that discussions around long-term strategic partnerships have taken place.\n\n\nSummary\n\n\n\nStani Kulechov rejected claims that Aave would sell AAVE tokens to Kraken at a roughly 70% discount.\nKulechov said all Aave Protocol revenue flows to the Aave DAO and revealed plans for an automated AAVE buyback mechanism.\nGrayscale maintained AAVE appears undervalued, with a model-based fair value of up to $175 if tokenized assets expand in DeFi.\n\n\n\nEarlier, a report claimed that Kraken is in advanced talks to invest 35,000 ETH in exchange for 250,000 AAVE tokens and a 15% equity stake in Aave Group. The reported transaction was valued at approximately $71 million and implied an Aave Group valuation of about $385 million.\nResponding to the report, Kulechov argued that its framing did not accurately describe the discussions. He said there was “no way” Aave would sell AAVE tokens at a 70% discount. While disputing that characterization, he did not deny that negotiations with strategic partners have occurred.\n\nLots of discussions around Aave so I want to clarify a few things:• First off, there is NO WAY we’d sell AAVE at a 70% discount lol.• 100% of Aave Protocol and GHO revenue goes to the $AAVE token. This was established in the Aave Will Win proposal.• AWW also applies to…— Stani (@StaniKulechov) June 25, 2026\n\nInstead, Kulechov explained that Aave Labs holds an allocation of AAVE tokens that several market participants have expressed interest in purchasing as part of deeper, long-term partnerships. His comments drew a distinction between Aave Labs, which develops the protocol, and the Aave DAO, which governs the ecosystem and controls protocol economics.\nProtocol revenue continues flowing to the DAO\nExpanding on that structure, Kulechov said every dollar of revenue generated by the Aave Protocol and the GHO stablecoin accrues to AAVE through the Aave DAO. He added that the same arrangement now covers revenue from Aave App, Aave Pro, and swap-related products following the approval of the Aave Will Win governance proposal.\nUnder that framework, Aave Labs does not keep protocol or product revenue. Instead, the development company receives funding approved by the DAO to continue building the protocol.\nKulechov said Aave is currently generating approximately $134 million in annualized revenue, with those proceeds flowing to the DAO rather than the development company. He also stated that the Aave brand, protocol software, and other intellectual property created for the ecosystem now belong to AAVE under the updated governance model.\nSeparately, Kulechov revealed that the team is designing Aavenomics 3.0, which he said will introduce an automated, non-discretionary AAVE buyback mechanism. He did not disclose the launch timeline, funding source, or expected size of the program.\nAave already operates a buyback system funded by excess protocol revenue. Based on Kulechov’s comments, the proposed mechanism would automate purchases rather than relying on governance decisions for each buyback.\nTokenized assets remain central to Aave’s valuation case\nLooking beyond governance, Kulechov said Aave is expanding its focus beyond crypto lending to include tokenized real-world assets and other financial products.\nThat strategy aligns with a recent assessment from crypto.news, which reported last week that Grayscale Research considers AAVE undervalued at current prices using a cash-flow model commonly applied to traditional financial companies.\nGrayscale estimated Aave could generate roughly $60 million in revenue during 2026 and placed the token’s current fair value between $80 and $100 based on a 20x to 25x fintech earnings multiple.\nAccording to Grayscale Research, a fair value of about $175 could become possible within a year if regulatory clarity accelerates the use of tokenized assets such as Treasury products, private credit, and money market funds as collateral in DeFi lending.\nThe research noted that the estimate is model-based rather than a guaranteed price target and depends on tokenized assets bringing additional deposits, borrowing activity, and fee generation to the protocol.\nFollowing Kulechov’s comments, AAVE climbed to an intraday high of $87.50 before easing to around $82, while the token continued to receive support from Standard Chartered’s previously published $3,500 price target for the end of 2030.\n\n\n\n\n\n                Read more:\n            \nStrategy escapes crisis signal despite heavy hedging, Anchorage says","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}